Agency established in 1914 by the federal trade commission act. The ftc is chiefly responsible from protecting consumers from unfair, deceptive or fraudulent Business Practices in the marketplace. This includes protecting business privacy and the security of their data from any harmful uses of technology and combating deceptive advertising and illegal robo calls among other issues. The ftc is also responsible educating consumers about predatory Business Practices. It is intended to inform customer choices and help prevent americans from falling victim to scammers, fraud centers, cyber criminals and other bad actors. As was recently discussed at chairman marans subcommittee hearing the coronavirus has created an avenue for scammers to take advantage of consumers. The surge in internet use in particular because of stay at home orders has been a prime target for exploitation. I appreciate the commissions ongoing efforts to protect consumers from identity theft, email phishing schemes and
We extend a special welcome to our witnesses and thank them for appearing. Remotely all appear this morning. Commissioner noah phillips, commissioner Christine Wilson and rebecca slaughter. This agency was established in 1914 by the federal trade commission act. The fcc is chiefly responsible for protecting consumers from unfair, fraudulent Business Practices in the marketplace, including protecting Consumer Privacy and the security of their data, preventing harmful uses of technology and combating deceptive advertising and illegal robo calls, among other issues. The fcc is also responsible for educating consumers about fraudulent activity and theatory business practice fcc is intended to help prevent americans from falling victim to frauds fraudsters and other actors. Recently discussed, the subcommittee hearing on covid19 scams last month, coronavirus becauseted a new avenue of stayathome orders, a prime target for exploitation. I appreciate the ongoing efforts to protect consumers f
Cspan, created by americas People Television company. As a Public Service and brought to you today by your television provider. The president of the Federal Reserve bank of dallas, robert joined the National Press club for discussion on americas economic recovery during the coronavirus pandemic. Gallant whats needed to turn around the economy including aspirin to prevent the spread of covid19. And to improve consumer confidence. Hello and welcome to the National Press club. We are pleased to welcome robert, president and ceo the bank of dallas. His appointed september 2015. As of management practice and associate at Harvard Business school. He had 23 year career at Goldman Sachs and ultimately named senior director of the firm in 2006. Today, he joins us to talk about what he believes the road to u. S. Economic recovery look like in order for the country to bounce back from the damage done by covid19. Hes going to share his Economic Outlook for the rest of the country and into this yea
May including everything from Student Loans to car payments to mortgages, the number more than triple that of april its the latest sign Unemployment Benefits and stimulus checks arent enough to fully cover the expenses what happens to the consumer and the economy and the stock market its not good its something weve alluded to for a while. Go and look at wells fargos First Quarter they reported in the middle of april. They took a 14 billion loan loss provision which was up 413 year over year by the way, when they report i think in the middle of july, that number is probably going to go up again and further anecd e anecdotal proof that wells fargo is trading below tangible book value. The banks have been trying to tell the story, but the Broader Market has sort of been impervious to it until recently. Well see. Again, ill say i am not all that optimistic about where the consumer is 69 months from now. Clearly i hope im wrong but behind closed doors, a lot of companies are saying weve lea
U. S. Stores while pepsi shuts a food plant in beijing. Sending a message to the white house. How tictoc users may have contributed to the low turnout for President Trump in tulsa. Haidi lets take a look at how we are shaping up when it comes to the start of trading this monday morning in asia. Looking like a pretty uncertain start as u. S. Futures are. 25inuing to drop at percent. Nikkei futures trading in chicago down. 4 . We have a bit of strength in the yen in fact. We had the dollar outperforming at basically every g10 currencies in the overnight session other than the japanese yen which is sitting at that high 1060 handle. The are also seeing a slip when it comes to trading in oil prices after the market rose almost 10 last week on news that these output curves are continuing to work to break down the supply glut these concerns about a second wave of this virus resurgence are clouding the demand outlook and causing a bit more of a downside trading action when it comes to crude. W